News

Offshore Hydrocarbon in early stage talks

28 October 2008 14:10:00

Offshore Hydrocarbon Mapping said it is currently in early stage discussions that could see it receive an offer.

"The board notes the recent share price movement and confirms that it is currently in the early stages of discussions which may or may not lead to an offer being made for the Company," it said in a brief statement.

Shares in the group were already up before the announcement but jumped further on the news.

The group added that there can be guarantee that any formal offer will be forthcoming.

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